Difference Between LLC, Corp, Sole Proprietorship, etc

Dear NPLI Management Solutions,I started a sole proprietorship around 15 years ago and closed it about a year later. I’m thinking about starting a new company. Can you explain the differences between the different legal business types (LLC, Inc., sole proprietorship, etc.)?

RESPONSE: This basic guide highlights some of the differences and similarities of the 6 major legal business structures (“entity types’).

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NPLI Management Solutions (formerly Non Profit Learning Institute) is a business management services company. We've worked with hundreds of startup & small nonprofits & churches across the US in the following areas: Formation, Compliance, Management Coaching covering Dissolution (close down), workforce development, grantwriting, board development, financial mgmt, program development, marketing and outreach. And, we would love to work with you!